One of the world’s leading free trade zones Jebel Ali Free Zone (Jafza) owned by DP World saw a 12 percent growth in its healthcare and pharmaceuticals customer base in the last two years.
The healthcare and pharmaceuticals segment is one of the key economic pillars in Jafza. Spanning an area of around 170,000 sqm, and currently, housing 174 companies from 41 countries, the segment provides jobs to 1,100 employees. In 2019, the volume of trade in the segment stood at 25,000 metric tonnes, valued at $245 million.
Over the past years, the healthcare sector in the UAE has rapidly expanded to meet the evolving needs of the population, supporting the nation in its mission to become a regional medical tourism hub.
Partnerships and initiatives by the government and private and public sector companies are helping to achieve the country’s goal. DP World-UAE Region and Jafza have been at the forefront, ensuring the growth of this sector.
To showcase its commitment to boost the growth of healthcare and pharmaceutical companies, DP World-UAE Region and Jafza will also be participating in the Arab Health 2021, one of the leading medical equipment exhibitions in the Middle East.
“The boom in the healthcare and pharmaceuticals segment in Jafza has highlighted the core competencies of the sector in the Middle East and the seamless connectivity DP World, UAE Region offers to over 3.5 billion consumers through the highly efficient trade and logistics hub in Jebel Ali, which includes Jafza and the Jebel Ali Port. Our trade and logistics hub has expedited global distribution of COVID-19 equipment and played a key role in the Dubai Vaccine Logistics Alliance, an initiative launched in January 2021.”
Being the only free zone with the ability to support indigenous manufacturing for the healthcare and pharmaceutical sector, Jafza has facilities dedicated to the storage of ancillary vaccine preparation and administration items.
Several incentives like on-demand warehouses on short-term lease with multi-functional storage options, no VAT or customs duties and cost-effective transport services enhance ease of accessibility and enable speedier deliveries to benefit companies that operate in Jebel Ali.